Natixis Advisors LLC Acquires 2,093 Shares of Mr. Cooper Group Inc (NASDAQ:COOP)

Natixis Advisors LLC raised its holdings in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 9.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,956 shares of the company's stock after purchasing an additional 2,093 shares during the period. Natixis Advisors LLC's holdings in Mr. Cooper Group were worth $2,865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. acquired a new stake in shares of Mr. Cooper Group in the 1st quarter valued at approximately $26,000. Allworth Financial LP raised its position in shares of Mr. Cooper Group by 24.5% in the 1st quarter. Allworth Financial LP now owns 442 shares of the company's stock valued at $51,000 after acquiring an additional 87 shares during the period. USA Financial Formulas acquired a new stake in shares of Mr. Cooper Group in the 1st quarter valued at approximately $55,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at approximately $70,000. Finally, Covestor Ltd raised its position in shares of Mr. Cooper Group by 418.9% in the 4th quarter. Covestor Ltd now owns 742 shares of the company's stock valued at $71,000 after acquiring an additional 599 shares during the period. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on COOP shares. Barclays increased their price target on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Piper Sandler increased their price target on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. UBS Group set a $176.00 target price on Mr. Cooper Group in a research note on Tuesday. Finally, Jefferies Financial Group increased their target price on Mr. Cooper Group from $110.00 to $150.00 and gave the stock a "hold" rating in a research note on Tuesday, July 22nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Mr. Cooper Group currently has an average rating of "Hold" and an average price target of $140.38.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $174.72, for a total transaction of $5,241,600.00. Following the completion of the transaction, the chief executive officer directly owned 663,187 shares of the company's stock, valued at $115,872,032.64. This trade represents a 4.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.73% of the stock is owned by corporate insiders.

Mr. Cooper Group Stock Performance

NASDAQ COOP traded down $8.53 during trading hours on Friday, reaching $177.35. 593,887 shares of the company's stock were exchanged, compared to its average volume of 1,156,575. The company's 50-day moving average is $152.09 and its two-hundred day moving average is $127.06. Mr. Cooper Group Inc has a one year low of $84.15 and a one year high of $193.86. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 20.29 and a beta of 0.98.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.28 by ($0.15). The business had revenue of $608.00 million for the quarter, compared to the consensus estimate of $669.23 million. Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%. Mr. Cooper Group's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.10 earnings per share. Research analysts predict that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.